Why is Bitcoin price down today (November 3)?

Bitcoin (BTC) price has fallen below $77,000 on November 3, as renewed institutional withdrawals, leveraged liquidations and weakness in global technology stocks have pressured cryptocurrency markets. Bitcoin price has fallen 2.19% to $76,455.56, extending its seven-day decline to 3.59%. U.S. spot Bitcoin ETFs recorded $398.6 million in outflows on November 2, following $643.3 million on October 30. Bitcoin liquidations reached $88.83 million over 24 hours as leveraged traders faced further selling pressure. Weakness in technology stocks and uncertainty surrounding the November 3 U.S. midterm elections weighed on market sentiment.